Audit in Accounting

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The common definition of auditing is the evaluation of any organization, person, system, enterprise, process, product or project. This term commonly refers to the audits in the accounting, but alike concepts also last in the quality management, energy conservation and project management.

Integrated Audit

In US, the audits of the publicly traded organizations are governed by the PCAOB or Public Company Accounting Oversight Board rules. This audit is known as integrated audit, where the auditors, in addition to the opinion on financial statements, should also express the opinion on the usefulness of the internal control of any company, over the financial reporting.

Now a days, new kinds of integrated auditing are becoming available which use united compliance material. Due to increasing amount of regulations and need for the operational transparency, the companies are also adapting risk based audits which can cover numerous standards and regulations from any single audit event. This approach is new but necessary in some sectors to make sure that all useful governance concerns can be met without copying any effort from both the audit hosting and audit resources.

Relation between audit and accounting

Usually, the audits are performed to determine the reliability and validity of information, it also offer an assessment of the internal control of any system. The aim of any audit is to signify an opinion of any system/organization/person in question, under the evaluation formed on the work done on the basis of a test.

Due to the constraints, an audit requests to offer just reasonable assurance which the declarations are free from any material error. Thus, often statistical sampling is adopted in the audits. In case of financial audits, a group of financial statements are known as fair and true when these are free of the material misstatements- an idea which is influenced by both qualitative and quantitative factors.

Auditing is also a very essential part of the accounting. Conventionally, the audits were associated with acquiring the information about the financial records and financial systems of any business or any organization. However, the recent auditing has started to include some non-financial areas like as security, safety, environmental concerns and performance of the information systems.

With the government agencies and non-profit organizations, there is an increasing requirement for the performance audits, and examining the success in the pleasing mission objectives. Hence, there are some audit professionals now who expertise in the information system audits, environmental audits and security audits.

In the cost accounting, there is a procedure for verifying the expense of producing or manufacturing any article, on the basis of the accounts calculating the use of the labor, material, and other items of the expense. In general terms, the cost audit describes an accurate and systematic verification of records and the cost accounts, and also checking for the adherence to the objectives of the cost accounting.

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  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
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  • Offers several flexible learning options, including a blended format that combines campus and online learning.
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Programs:

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  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).

Programs:

  • Bachelor of Science in Accounting
  • Bachelor of Science in Business - Accounting
  • Earn Your Bachelor's Degree in Business with GCU's Colangelo College of Business!
  • Emphases: Accounting, Applied Mgmt, Business Admin, Business Mgmt, Finance and Economics, Marketing & more.
  • Develop and refine skills in core areas such as economics, accounting, marketing, statistics, org. behavior, and legal and ethical issues.
  • Serving undergraduates who are preparing to initiate careers & working professionals who are seeking to develop their careers further.
  • Accredited by the Accreditation Council for Business Schools & Programs (ACBSP).

Programs:

  • B.S. in Accounting
  • B.S. in Finance and Economics
  • Degrees offered include Bachelor of Science in Accounting, Bachelor of Science in Business Administration, and Master of Business Administration.
  • Students are instructed in relevant business skills like communication, mathematics, and management.
  • Coursework emphasizes the development of project management, communication, decision-making, and problem-solving skills.
  • Flexible, 100% online and campus based programs available.

Programs:

  • BS in Accounting
  • BS in Accounting - Managerial Accountancy
  • BS in Accounting - Public Accountancy
  • And more...
  • Recognized in the first Best for Vets: Business Schools list in Military Times Edge magazine’s 2013 “Best for Vets” edition.
  • Offers MUSE (My Unique Student Experience), a content delivery system that gives students the option to watch, view, read or listen to required course materials.
  • Allows students to complete courses at whatever pace they want.
  • A DANTES-affiliated university and member of the Service Members Opportunity Colleges.
  • Offers IntelliPath, a proprietary learning technology that lets students learn at their own pace.

Programs:

  • Bachelor of Accounting
  • Bachelor's (BBA) - Accounting
  • Bachelor's (BBA) - Finance

CTU can help you connect to what matters most: a powerful professional network, faculty who are real-world professionals and innovative technology. And now several CTU degree programs are ranked by U.S. News Best Online Programs for 2015.  Are you in?

Programs:

  • Bachelor of Science in Accounting
  • Bachelor of Science in Business Administration - Finance

Centura College, with campus locations in Virginia, South Carolina and Florida, is dedicated to helping students gain the skills and attitudes necessary to succeed. Drawing from over 30 years of career school experience.

Programs:

  • Bachelor of Science in Business with a Concentration in Accounting
  • Associate of Applied Science Degree in Business-Concentration in Accounting Administration
Locations:  Virginia Beach
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.

Programs:

  • BA/Accounting
  • BA/Finance
  • BA/Sports and Recreation Management - Finance
  • And more...
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.

Programs:

  • Business Administration - Accounting (BS) (Online)
  • Business Administration - Finance (BS) (Online)